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Bill Co trades under the name ‘Treasured Homes’. Would discussion about intangible asset/impairment be valid? I don’t find it in the model answer.
It also has divisions – would discussion about IFRS8 be valid? Again it’s not in the model answer.
Thanks a million.
Which intangible assets are you thinking of re Treasured Homes? I don’t see any in the question
Although the question doesn’t specifically exclude segmental reporting, it’s a bit of a stretch to work it into the answer where the question does specifically ask you to target the “two significant issues”
However, if you’ve not enough points in your plan targeting those two issues, then put in a paragraph about segmental reporting and about possible impairment of Treasured Homes intangible assets (are there any?)
What have you lost? You didn’t have anything else to say!
Treasured Homes name itself.
The fact that division has got some kind of special name ‘Treasured Homes’ and it is mentioned twice in paragraph made me into thinking that this is some kind of intangible asset (the name ‘Treasured Homes’) and since its generating lower margins maybe the value of brand is not that high anymore (impairment).
Thanks to you Mike I confirm in myself the importance of spending time to really understand requirement and scenario. Planning the answer has never been more important than now.
All in all question is clear for me. Thanks.
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